Civic Intelligence

National Main Street Center Inc.

990 • Fiscal year 2015 • EIN 46-1405965

Jul 01, 2014 to Jun 30, 2015 • Filed on May 10, 2016

2600 Virginia Ave NW Suite 1100Washington, DC 20037

(202) 588-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$349,704

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-0.6%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,239,384

Up $265,821 (+27%) from 2014

Net Assets

Up

$1,062,502

Up $288,507 (+37%) from 2014

Liabilities

Down

$176,882

Down $22,686 (-11%) from 2014

Revenue

Down

$2,500,010

Down $15,126 (-0.6%) from 2014

Expenses

Up

$2,211,503

Up $470,362 (+27%) from 2014

Net Income

Down

$288,507

Down $485,488 (-63%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2014: $973,563Liabilities 2014: $199,568Net Assets 2014: $773,9952014Assets 2015: $1,239,384Liabilities 2015: $176,882Net Assets 2015: $1,062,5022015Assets 2016: $1,602,498Liabilities 2016: $542,815Net Assets 2016: $1,059,6832016Assets 2017: $2,259,638Liabilities 2017: $960,486Net Assets 2017: $1,299,1522017Assets 2018: $2,364,162Liabilities 2018: $764,071Net Assets 2018: $1,600,0912018Assets 2019: $2,842,317Liabilities 2019: $1,131,841Net Assets 2019: $1,710,4762019Assets 2020: $3,057,662Liabilities 2020: $1,677,687Net Assets 2020: $1,379,9752020Assets 2021: $3,723,806Liabilities 2021: $1,653,324Net Assets 2021: $2,070,4822021Assets 2022: $6,729,426Liabilities 2022: $2,551,748Net Assets 2022: $4,177,6782022Assets 2023: $5,450,834Liabilities 2023: $2,698,672Net Assets 2023: $2,752,1622023Assets 2024: $13,515,966Liabilities 2024: $4,571,450Net Assets 2024: $8,944,5162024

Highlighted filing

2015

Assets$1,239,384
Liabilities$176,882
Net Assets$1,062,502

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2014: $2,515,136Expenses 2014: $1,741,141Net Income 2014: $773,9952014Revenue 2015: $2,500,010Expenses 2015: $2,211,503Net Income 2015: $288,5072015Revenue 2016: $2,758,099Expenses 2016: $2,760,918Net Income 2016: -$2,8192016Revenue 2017: $3,518,582Expenses 2017: $3,279,113Net Income 2017: $239,4692017Revenue 2018: $3,511,030Expenses 2018: $3,210,091Net Income 2018: $300,9392018Revenue 2019: $4,009,986Expenses 2019: $3,899,601Net Income 2019: $110,3852019Revenue 2020: $3,440,668Expenses 2020: $3,771,169Net Income 2020: -$330,5012020Revenue 2021: $6,376,727Expenses 2021: $5,695,279Net Income 2021: $681,4482021Revenue 2022: $9,101,387Expenses 2022: $6,977,329Net Income 2022: $2,124,0582022Revenue 2023: $10,741,701Expenses 2023: $12,172,432Net Income 2023: -$1,430,7312023Revenue 2024: $23,930,400Expenses 2024: $17,753,457Net Income 2024: $6,176,9432024

Highlighted filing

2015

Revenue$2,500,010
Expenses$2,211,503
Net Income$288,507
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 10, 2016
Return Version
2014v6.0
Gross Receipts
$2,500,010
Mission and Program Overview

Mission

To promote and facilitate the historic preservation and active use of downtown and neighborhood commercial districts throughout the united states. (see schedule o for complete mission description)

to promote and facilitate the historic preservation and active use of downtown and neighborhood commercial districts throughout the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$580,141$651,206▲ $71,065
Cash and Non-Interest-Bearing Accounts$25,029$300,078▲ $275,049
Accounts Receivable$363,393$288,100▼ $75,293
Prepaid Expenses and Deferred Charges$5,000$0▼ $5,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$973,563$1,239,384▲ $265,821
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$83,190$89,645▲ $6,455
Deferred Revenue$116,378$87,237▼ $29,141
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$199,568$176,882▼ $22,686
Net Assets / Fund Balance
Temporarily Rstr Net Assets$580,141$658,706▲ $78,565
Unrestricted Net Assets$193,854$403,796▲ $209,942
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$773,995$1,062,502▲ $288,507
Total Liabilities and Net Assets / Fund Balance$973,563$1,239,384▲ $265,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrice FreyPresidentFT$156,362$7,813$164,175
Carolyn DellutriSenior Director of ProgramsFT$112,376$7,877$120,253

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$799,037
Program Service Revenue
$1,698,790
Investment Income
$0
Other Revenue
$2,183
All Other Contributions
$659,622
Change in Net Assets
$288,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,500,010
Total Revenue per Audited Statements
$2,500,010
Total Revenue per Form 990
$2,500,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,179,442
Salaries, Compensation, and Employee Benefits$1,002,361
Total Fundraising Expense$65,438
Professional Fundraising Fees$29,700
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$619,141$195,538-$814,679
Current Officers, Directors, Trustees, and Key Employees$452,021$122,986$21,199$596,206
Other Salaries and Wages$288,433$6,599$2,912$297,944
Travel$106,059$42,638$7,692$156,389
Payroll Taxes$70,175$34,101$3,935$108,211
Office Expenses$65,864$19,553-$85,417
Occupancy$17,978$50,270-$68,248
Fees for Services Professional Fundraising--$29,700$29,700
Fees for Services Accounting-$21,970-$21,970
Information Technology$3,795$9,068-$12,863
Other Expenses$486$5,315-$5,801
Fees for Services Legal-$4,000-$4,000
Insurance-$3,281-$3,281
Total Functional Expenses$1,630,114$515,951$65,438$2,211,503

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,211,503
Total Expenses per Audited Statements$2,211,503
Total Expenses per Form 990$2,211,503
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$29,700
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

THE SOLE MEMBER OF the NATIONAL MAIN STREET CENTER, INC. IS THE NATIONAL TRUST for HISTORIC PRESERVATION IN THE UNITED STATES.

FORM 990, PART VI, SECTION A, LINE 7:

THE SOLE MEMBER HAS THE RIGHT TO ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS TO SERVE the organization.

FORM 990, PART VI, SECTION A, LINE 8:

The sole member has the right to approve major changes to the organization, including any amendments to the organization's bylaws or certificate of incorporation.

FORM 990, PART VI, SECTION B, LINE 11B:

AFTER GATHERING AND REVIEW OF FORM 990 INFORMATION BY ACCOUNTING STAFF, THE dRAFT FORM 990 WAS REVIEWED BY THE BOARD'S FINANCE and audit COMMITTEE, THE CHAIR OF THE BOARD OF DIRECTORS, AND THE PRESIDENT OF THE ORGANIZATION. IN ADDITION, THE DRAFT FORM 990 WAS ALSO REVIEWED BY THE INDEPENDENT AUDIT FIRM, BDO USA, LLP. BEFORE THE TAX RETURN WAS FILED WITH THE IRS, A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS.

FORM 990, PART VI, SECTION B, LINE 12C:

DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO DISCLOSE INTERESTS IN OR RELATIONSHIPS WITH BOTH FOR-PROFIT AND NON-PROFIT ENTITIES AND TO DESCRIBE ANY TRANSACTIONS (DIRECT OR INDIRECT) WITH THE ORGANIZATION. DIRECTORS ARE ALSO REQUIRED TO DISCLOSE ANNUALLY ANY BUSINESS OR FAMILY RELATIONSHIPS WITH OTHER DIRECTORS AND WITH OFFICERS AND KEY EMPLOYEES Of THE ORGANIZATION. THE POLICY PROVIDES A REVIEW PROCESS FOR POTENTIAL CONFLICTS.

FORM 990, PART VI, SECTION B, LINE 15A:

the organization's board of directors during executive session USED ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, WITH INPUT FROM THE ORGANIZATION'S GOVERNANCE COMMITTEE.

Filing and Contact Details

Filer

Filer Name
National Main Street Center Inc
EIN
46-1405965
In Care Of
% PAUL FAJNOR
Phone
2025886000
Address
2600 VIRGINIA AVE NW SUITE 1100, WASHINGTON, DC 20037

Signing Officer

Name
Patrice Frey
Title
President
Phone
7038930600
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrice Frey
Formed
2012
Legal Domicile
De
Voting Board Members
8
Independent Board Members
7
Employees
11
Volunteers
8

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE SUITE 800, MCLEAN, VA 22102
Preparer
Mike Sorrells
Phone
7038930600
Supplemental Narrative

Additional Explanations

R

Describe the composition of the committee: the organization's bylaws provide for an executive committee which may exercise all the powers of the board of directors between the meetings of the board, subject to the organization's governing documents and other general policies established by the board. The executive committee is comprised of the chair of the board of directors and other directors as have been appointed by the board of directors. All members of the executive committee are members of the board of directors.

Form 990, Part XII, Line 2C:

The audit oversight process has remained unchanged from the prior year.

FORM 990, PART III, LINE 4D - other program services accomplishments:

other program service accomplishments are related to the preservation Green Lab Program.

Form 990, Part III, line 1- complete mission description:

National Main Street Center, Inc. (NMSC) works with a nationwide network of coordinating programs and local communities to encourage historic preservation-based community revitalization. After 34 years as a successful program of the National Trust for Historic Preservation in the United States, the NMSC was launched as an independent subsidiary of the National Trust on July 1, 2013. This transition enabled NMSC to build on its three decade record of success and take advantage of new opportunities to teach and promote historic preservation-based community revitalization. As a nonprofit organization, NMSC provides information, offers technical assistance, holds conferences and workshops, and conducts research and advocacy on critical revitalization issues. The proven Main Street Four-Point Approach provides a framework for communities to organize themselves for success, improve the design of their neighborhoods, promote their districts, and enhance the economic base of a community. From 1980-2013, cumulatively, commercial districts taking part in the NMSC program have spurred the historic rehabilitation of more than 246,000 buildings, and generated $59.6 billion in new investment, with a net gain of more than 502,728 new jobs, and over 115,000 new businesses. Every dollar a community used to support its local NMSC program leverages an average of $18 in new investment, making the Main Street Four-Point Approach one of the most successful economic development strategies in America. These community benefits would not be possible without the training, education, and leadership of the NMSC.

Form 990, Part III, Line 4A continuation of program description:

(continued from part III) The NMSC also provided customized training workshops and seminars on topics of concern or interest to local communities. In FY2015, the NMSC Field Services team served 25 states and hundreds of communities.

Form 990, Part III, line 4B continuation of program description:

(continued from Part III) This communication vehicle features articles about best practices, new trends in the field, showcases successful programs, and shares strategies for incorporating historic preservation into existing community development efforts. In FY 2014, the NMSC introduced a program called "America Saves" in partnership with the Preservation Green Lab of the National Trust for Historic Preservation and the U.S. Department of Energy. America Saves engages NMSC programs and other communities in energy retrofit programs and sustainability initiatives in order to increase the energy efficiency of small businesses and generate cost savings for downtowns. In FY2015, NMSC served approximately of 1,600 members.

Form 990, Part III, line 4C continuation of progarm description:

(continued from part III) Each year, the NMSC's annual conference serves as a key venue for sharing and promoting interest in historic buildings and towns, and preservation and community development more generally. In FY2015, the number of attendees at the annual conference was approximately 1,400 members.

Form 990 Part IX Line 11G

Description:other fees total fees:195538

Form 990 Part IX Line 11G

Description:field service contracts total fees:497320

Form 990 Part IX Line 11G

Description:membership services total fees:56976

Form 990 Part IX Line 11G

Description:conference services total fees:64845

Financial Statement Notes

Form 990, Sch D, Part X, Line 2

MANAGEMENT OF the organization DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME, OR THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE CENTER HAS FILED FOR AND RECEiVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE CENTER WILL FILE IRS FORM 990 TAX RETURNS AS REQUIRED IN A TIMELY MANNER FOR THE YEAR ENDED JUNE 30, 2015 AND 2014, AND ALL OTHER APPLICABLE RETURNS IN THOSE JURISDICTIONS WHERE IT IS REQUIRED. THE organization BELIEVES THAT IT IS NOT SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2014 (THE FISCAL YEAR OF INCEPTION). FOR THE YEAR ENDED JUNE 30, 2015 AND 2014, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES.

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IRS990/MissionDesc0TO PROMOTE AND FACILITATE THE HISTORIC PRESERVATION AND ACTIVE USE OF DOWNTOWN AND NEIGHBORHOOD COMMERCIAL DISTRICTS THROUGHOUT THE UNITED STATES. (SEE SCHEDULE O FOR COMPLETE MISSION DESCRIPTION)
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IRS990/ProgSrvcAccomActy2Grp/Desc0In FY2015, the NMSC focused on delivering excellent benefits and high value services to the NMSC network through its membership program. NMSC provides members with cutting edge resources, training, research and networking opportunities. NMSC membership includes access to a wide range of educational materials, most of which were digitized and made available to members free of charge in FY2015. The NMSC also improved the design and substance of its major communications offering for members, the e-newsletter Main Street Weekly. )continued on schedule o)
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IRS990/ProgSrvcAccomActy3Grp/Desc0In FY2015, the NMSC brought together 1,400 leaders of the historic preservation and community revitalization movements for its annual conference which was held in Atlanta, GA. The conference provided attendees with instruction on a variety of topics, ranging from historic building rehabilitation and design, organizational development issues, and strategies for successfully implementing the Main Street Four-Point Approach. (continued on Schedule o)
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